St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-09
THE COMMERCIAL RECORD.
Corn Was the Favorite Article on the
List Of the Chicago Board
Yesterday.
There Was a Fractional Drop in All
Articles, Followed Soon After
ward by Reaction.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special TO the Globe.


CHICAGO, Dec S.-May corn spurted TO SOC
this morning soon after the opening but sold
off s4c latter the decline being quickly fol-
lowed by partial recovery, so that an hour
from the beginning May was quoted at 55l2
m555sc and January at 5Ol4@I5OSSc. 1ester-
day Chicago parties wired New York that the
Armour-Dole system of elevators five in
number had been plugged full Of grain and
would be Theoretically sealed for the winter.
The facts were that the company acting on
on the advice of the Chicago. Burlington &
Quincy officials had shut up four of the ware
houses because its management is satisfied
that il can handle all receipts for the winter
through one of the houses. 1t was famine
instead of feast. When the truth about the
Armour-Dole deal was known the market
felt the effects in increased speculative in
quiry The old Zoe bears are turning into
noisy 6Oc bulls. Should receipts increase
those closed warehouses can of course be re
opened. The wheat market opened higher,
but rather quiet. May started off at S5l2c,
went 10 S5s4c, reacted l2c and recovered
tone later, but the early trading in the pit was
not large. Gables were steady at unchanged
prices. Provisions had a steady opening but
the market for product softened on the
BIG SUPPLY OF LIVE HOGS
mere dQU elSeWn6T6- Inc TeCelDlS VI mugs ~
Western points for the day foot up to $4,000
head. and including hold-over hogs the num-
Der pressing for sale this morning at all
points were more than 100000. During the
first hour May pork sold down from SIS 40
10 $500, May lard from S7.77I2 TO S7.67l2,
and March lard from 1922 to S7.72l2. The
boisterousness is out of wheat for one day at
leaN The influence of the professionals is
hoip fol- iS 10 n
the operation of individual traders in the
pits here and in New York. The market is
seemingly narrowing materially, and scaipers
are resorting TO tricks TO create little furries,
which are still very effective while the mar
rowness continues. The market continued
in nervous state all the forenoon. No de-
cisive tendency in any direction developed.
Corn developed a tendency TO weakness as
the day advanced. 1t jumped l2c on war
bulletins. but receded later from 555sc TO soc
with sellers Outnumbering buyers three to
one. The bulk of the trading in May options
was between 55@t55lac, and the market
rarely got above the latter figure after the
early bulge. AS for provisions the packers
are almost unanimously arrayed on the bear
side of the deal. Having sold large part of
their winters production at good round
prices, they are now willing 10 see prices
break. In fact they are anxious that values
shall reoede, and are working industriOusly
TO that end. Under general unloading of
miscellaneous held property and selling by
packers the market eased off decidedly to-
day May pork sold off 32I2c from the top,
lard declined 10@12l2c and ribs l562Oc.
THE ROUTINE REPORT.
CHICAGO. Dec. S.-Corn was the favorite
article on the list with traders on the board
l.. a., ~
ton opened at 55l2c, I2c higher than yester-
days close. 1t quickly sold up TO SIC. May
wheat started in at S5L2c against yesterdays
close at S5l4c. III the earlier hours but little
was done in provisions. January pork
opened at $l4. so. Under heavy selling May
corn dropped down to 55A@55ssc, and May
wheat which touched S5slc went back to
S5c. Then came alleged Russian war news,
and the market tirmed up perceptibly. May
wheat went to S55sc, but a break in corn
shortly after noon took ii back 2 points
Corn fell TO 5i7sc, and in sympathy with
wheat up TO J5l2c, but heavy selling sent il
back to soc. Pork sympathized with the
other markets on the way down, but did not
respond so quickly TO the advances. The
war reports having proved false, all the list
went back few points. The leading futures
closed as follows: May wheat, S4s4c; May
corn, 54I2c: May oats, 32Ss@32i2c: January
pork. S145O; January lard, $7.27l2 January
short ribs, $40.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. ., December, opening at 7Sc,
closing at nc: January, opening at 7S2sc,
closing at 775sc: February. opening at 7911c
closing al 1sSsc: May, opening at SJl2c, clos
ing at S4s4c. COrn-N0. ,, December. open
ing al 5O$se, closing at 4914c: January, open
ing at 5084c, closing at 1880; February,
opening at 51lsc, closing at 4924c; May,
Oats-No. ,, January, opening at 3O4c,
closing at soc; May, opening at 335sc
closing at 33sBc. Mess Pork, per Dbl
January. opening at Sl4.S0. closing at
ing at Sl4.63; May opening at Sl5. As, clos
ing at So. 20. Lard, per 100 lbs-January
opening at S7.4O, closing at S7.27I2: Feb
ruary, opening at $50, closing at
S7.31l2; March, opening at $3.50, closing
at S7.45: May, opening at S7.77l2. clos
ing at S7.65. Short Ribs, per 100 lbs
January. opening at $7.55. closing at $40;
February, opening at S1.52l2, closing $3.50;
March, opening at SI.S2l2, closing at
S7.62l2; May, opening at s7.92I2, closing
at $50. Cash quotations were as follows:
FiOC: firm and prices unchanged. Wheat
No. = spring, 771s@lT7ssc; No. 3 spring.
67l2c; No. 2 red. 7Sl2c. COrn-No. 2,
49l4c. oats-No. ., 3?l2@3Ie. Rye-No. ..
No. !. sI:24. Timothy seed-oPrime. S2.31
@2.32. Mess pork, per bbl.. SI4 25014 so.
Lard, per 100 lbs, S1.22l2Q725. Short rib
sides Goosel, S7.4G@7;45; dry salted
sides boxed, S7.SC@7.S5. Whisky-Dis-
filters finished goods, per gallon, S1IO
Sugars-Cut loaf, 7I2GSAc; granulated,
: 1-5c; standard IA &c. Recefpts-Flour,
10000 bbls; wheat, $4,000 bu; corn, u.s.
600 bu: oats, 102, 600 bu; rye, 1000 bu +;
barley, $4,000 bu. shipments - Flour,
$4,000 bbls; wheat, 1000 bu; corn, H.
900 bu; oats. 10000 bu; rye, 900 bu
barley, $4,000 bu. On the produce exchange
to-day the butter market was steady; fancy
creamery. 23s4G3lc: fancy dairy, 25G26c.
Eggs, 22@23c.